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As threats plague companies, security appliance market continues to grow

As threats plague companies, security appliance market continues to grow

“Security products remain a growing industry as threats continue to plague companies."

The total security appliance market showed positive growth in both vendor revenue and unit shipments for the third quarter of 2015 (3Q15), according to IDC findings.

The analyst firm reports that worldwide vendor revenues increased 9.6 percent year over year to $2.7 billion, and shipments grew 9.7 percent year over year to a total of 585,282 units.

The sub-market with the strongest year-over-year growth was Unified Threat Management (UTM) with a 17.8 percent increase in revenues.

The Firewall, Intrusion Detection and Prevention, and Content Management sub-markets also continued on a growth trajectory with 6.7 percent, 6.6 percent and 1.3 percent year-over-year growth respectively.

Meanwhile, IDC reports that the Virtual Private Network (VPN) sub-market was the only one showing a year-over-year decline (-16.3 percent).

“Security products remain a growing industry as threats continue to plague companies,” says Elizabeth Corr, Research Analyst, Security Products, IDC.

“Over the past year the threat landscape has increased, leading to growth globally as no country is free from attacks.

"This growth is reflected in the top 5 vendors growing a combined 9.4 percent year over year."

Regionally speaking, Asia/Pacific (excluding Japan)(APeJ) was the second largest regional market with nearly 22 percent of total revenues and solid revenue growth of 11.9 percent year over year in 3Q15.

IDC reports that China and Australia combined to capture 70 percent of the APeJ revenue in the quarter and are the two countries with the strongest annual growth in the region at 19.6 percent and 34.1 percent respectively.

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